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<br />DEED OF TRUST 2 0i � 3 2 � + �
<br />Loan No: 101252176 (Continued) Page 6
<br />the obligations imposed upon Trustor under this Deed of Trust, Lender shall execute and deliver to Trustee a request for
<br />full reconveyance and shall execute and deliver to Trustor suitable statements of termination of eny financing statement
<br />on file evidencing Lender's security interest in the Rents and the Personal Property. Any reconveyance fee required by
<br />law shall be paid by Trustor, if permitted by applicable lew.
<br />EVENTS OF DEFAULT. Each of the following, at Lender's option, shall constitute en Event of Default under this Deed
<br />of Trust:
<br />Payment Default. Borrower fails to make any payment when due under the Indebtedness.
<br />Other Defaults. Borrower or Trustor fa(Is to comply with or to perform eny other term, obligation, covenant or
<br />condition contained in this Deed of Trust or in any of the Related Documents or to comply with or to perform eny
<br />term, obligetion, covenant or condition conteined in any other agreement between Lender and Borrower or Trustor.
<br />Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained in this
<br />Deed of Trust, the Note or in any of the Related Documents.
<br />Default on Other Payments. Failure of Trustor within the time required by this Deed of Trust to make any payment
<br />for taxes or insurance, or any other payment nacessary to prevent filing of or to effect discharge of any lien.
<br />False Statements. Any werranty, representation or statement made or furnished to Lender by Borrower or Trustor
<br />or on Borrower's or Trustor's behalf under this Deed of Trust or the Releted Documents is felse or misleading in
<br />any material respect, either now or et the time made or furnished or becomes false or misleading at any time
<br />thereafter.
<br />Defective Collateralization. This Deed of Trust or any of the Related Documents ceases to be in full force and
<br />effect (including failure of any collateral document to create e valid and perfected security interest or lien) at any
<br />time and for eny reason.
<br />Death or Insolvency. The death of Borrower or Trustor, the insolvency of Borrower or Trustor, the appolntment of
<br />a receiver for any pert of Borrower's or Trustor's property, any assignment for the benefit of creditors, any type of
<br />creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or egainst
<br />Borrower or Trustor.
<br />Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial
<br />proceeding, self-help, repossess(on or any other method, by any creditor of Borrower or Trustor or by any
<br />governmental agency against any property securing the Indebtedness. This includes a garnishment of any of
<br />Borrower's or Trustor's accounts, including deposit accounts, with Lender. However, this Event of Default shall
<br />not epply if there is a good faith dispute by Borrower or Trustor as to the validity or reasonableness of the claim
<br />which is the basis of the creditor or forfeiture proceeding end if Borrower or Trustor gives Lender written notice of
<br />the creditar or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture
<br />proceeding, in an amount determined by Lender, in its sole discretion, as being an adequate reserve or bond for the
<br />dispute.
<br />Breach of Other Agreement. Any breach by Borrower or Trustor under the terms of any other egreement between
<br />Borrower or Trustor and Lender that is not remedied within any grace period provided therein, including without
<br />limitation eny agreement concerning any indebtedness or other obligation ot Borrower or Trustor to Lender,
<br />whether existing now or later.
<br />Events Affecting Guarantor. Any of the preceding events occurs with raspect to eny guerantor, endorser, surety,
<br />or accommodation party of eny of the Indebtedness or any guarantor, endorser, surety, or eccommodation party
<br />dies or becomes incompetent, or revokes or disputes the validity of, or Ilability under, any Guarenty of the
<br />Indebtedness.
<br />Adverse Change. A meterial adverse change occurs in Borrower's or Trustor's finencial condition, or Lender
<br />believes the prospect of payment or performance of the Indebtedness is impeired.
<br />Insecurity. Lender in good feith believea itself insecure.
<br />Right to Cure. If any default, other than a default in payment is curable and if Trustor hes not been given a notice
<br />of a breach of the same provision of this Deed of Trust within the preceding twelve (12) months, it mey be cured if
<br />Trustor, after Lender sends written notice to Borrower demanding cure of such default: (1) cures the default
<br />within fifteen (15) deys; or (2) if the cure requires more than fifteen (15) days, immediately init(ates steps which
<br />Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and
<br />completes all reasonable and necessery steps sufficient to produce compliance es soon as reasonebly practical.
<br />RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this Deed of Trust, at any time thereafter,
<br />Trustee or Lender may exercise any one or more of the following rights end remadies:
<br />Acceleretion Upon Default; Additional Remedies. If eny Event of Defeult occurs as per the terms of the Note
<br />secured hereby, Lender may declare all Indebtedness secured by this Deed of Trust to be due and payable and
<br />the same shall thereupon become due end payable without any presentment, demend, protest or notice of any
<br />kind. Thereafter, Lender may:
<br />(a) Either in person or by agent, with or without bringing any action or proceeding, or by a receiver
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